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Mar 15, 2013
03/13
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have proposed significant cuts to entitlements, something democrats oppose, and democrats want new tax revenue, a deal breaker for republicans. republican leader mitch mcconnell put responsibility back on the president. >> his job is to deliver the members of his party. >> reporter: for now lawmakers appear no closer to a deal but they are more optimistic about the possibility of compromise. today president obama is taking a break from budget talks and traveling to illinois. he'll be focusing on another of his big priorities, alternative energy. richard? >> putting those walking shoes on the side after a very busy couple of days for the president. thank you, danielle. >>> a fiery exchange between dianne feinstein and texas's senator, ted cruz. during a senate judiciary committee on banning assault-style weapons, cruz who opposes any weapons ban, questioned the constitutionality of the bill. a sharp clash resulted between feinstein and the tea party freshman. >> namely, would she consider it constitutional for congress to specify that the first amendment shall apply only to the followin
have proposed significant cuts to entitlements, something democrats oppose, and democrats want new tax revenue, a deal breaker for republicans. republican leader mitch mcconnell put responsibility back on the president. >> his job is to deliver the members of his party. >> reporter: for now lawmakers appear no closer to a deal but they are more optimistic about the possibility of compromise. today president obama is taking a break from budget talks and traveling to illinois. he'll...
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Mar 13, 2013
03/13
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, taxes, taxes, texas. you have been looking at some of the numbers r the president, doesn't look so good for him right now. >> that is pretty evidently why. we have seen disapproval up, people generally side with republicans on how much spending there ought to be, they will make a sudden break, very urgent and sudden break away from the prior tactic which said he was ing to drag the g.o.p. through the fiscal fights over the next 18 months and go through victory in 2014 and win back the hse for democrats, so the president is at least engaged in an operational pause so you can quiet the criticism. >> that is because the last two weeks have not gone well for the president. using all these scare tactics. the american people look at all the waste in the budget and say wait a minute, have to cut the parks rather than get rid of the conferences for wine tasting and things like that. i'm great to see the polls are reflecting that. gerri: i was interested in what paul ryan had to say about his budget. he wrote the
, taxes, taxes, texas. you have been looking at some of the numbers r the president, doesn't look so good for him right now. >> that is pretty evidently why. we have seen disapproval up, people generally side with republicans on how much spending there ought to be, they will make a sudden break, very urgent and sudden break away from the prior tactic which said he was ing to drag the g.o.p. through the fiscal fights over the next 18 months and go through victory in 2014 and win back the...
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Mar 13, 2013
03/13
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melissa: part of your plan calls for tax reform. it is a two bracket code. >> yeah. melissa: the lower bound bracket is 10%. the language is a little fuzzier about the top individual rate but something like 25%. how reasonable do you think it is that something like this wouldappen and what would be the end result? >> well, i think it is very reasonable, and i think we have hopefully bipartisan come rod dry around this and ernest around this. you know what? it is revenue neutral. we're not asking to take less money from people or more money. we're asking to simplify the code. most of us can't even fill out a tax return now without having professional help or at least turbotax to get us through it. it doesn't have to be that. it shouldn't have to be that way. if we do revenue neutral way. by that taking no more than 19 or so percent of gdp more than enough to run any government, especially this federal government. we're hoping to get some bipartisan support around that. melissa: there is talk about what draconian cuts this budget represents. at the same time we're only
melissa: part of your plan calls for tax reform. it is a two bracket code. >> yeah. melissa: the lower bound bracket is 10%. the language is a little fuzzier about the top individual rate but something like 25%. how reasonable do you think it is that something like this wouldappen and what would be the end result? >> well, i think it is very reasonable, and i think we have hopefully bipartisan come rod dry around this and ernest around this. you know what? it is revenue neutral....
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Mar 19, 2013
03/13
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tax code. but there are other things which cannot even be explained. why in the world would we put in our tax code a provision which says if an american business wants to move jobs overseas, we will give them a tax break to do it? i don't think so. that should be a decision, if they make it, with no encouragement from our tax code. rather, let's encourage businesses to stay in the united states. similarly, senator carl levin of michigan has really made a concerted effort to investigate and expose the offshore tax havens that cost us over $300 billion a year in taxes owed to the united states, people that park their money in far-away places with strange-sounding names end up escaping tax liability. why do we let that happen? the average family across america, the average business across america can't escape and doesn't even try to escape its liability. yet, we built into the tax codes these cayman island little fiascoes in bermuda and all the places they head to. we could put an end to that in a
tax code. but there are other things which cannot even be explained. why in the world would we put in our tax code a provision which says if an american business wants to move jobs overseas, we will give them a tax break to do it? i don't think so. that should be a decision, if they make it, with no encouragement from our tax code. rather, let's encourage businesses to stay in the united states. similarly, senator carl levin of michigan has really made a concerted effort to investigate and...
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Mar 15, 2013
03/13
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. >>> the irs says it has $917 million in unclaimed tax refunds from 2009, that are about to expire. the money is owed to about 1 million people who have until april 15th to file a return. >>> and chelsea clinton and her husband are about to move into a new home. the posh manhattan pad in north of madison square park is 5,000 square feet. 4 bedrooms and 6 1/2 baths. that's a palace in new york city. and it's all for a cool 10.5 million bucks. >>> bill clinton hits the scene. >>> and college hoops prepare for march madness. for those nights when it's more than a bad dream, be ready. for the times you need to double-check the temperature on the thermometer, be ready. for high fever, nothing works faster or lasts longer. be ready with children's motrin. i'm here in your home, having a pretty spectacular tuesday. ♪ but i don't notice the loose rug at the top of your stairs. and that's about to become an issue for me. ♪ and if you got the wrong home insurance coverage, my medical bills could get expensive. so get allstate. [ dennis ] good hands. good home. make sure you have the right
. >>> the irs says it has $917 million in unclaimed tax refunds from 2009, that are about to expire. the money is owed to about 1 million people who have until april 15th to file a return. >>> and chelsea clinton and her husband are about to move into a new home. the posh manhattan pad in north of madison square park is 5,000 square feet. 4 bedrooms and 6 1/2 baths. that's a palace in new york city. and it's all for a cool 10.5 million bucks. >>> bill clinton hits the...
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Mar 14, 2013
03/13
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people who are working hard every day, paying payroll tax, gas taxes, but don't make enough income. i want to fight for them. that's what i have been doing for the last four years. if they succeed, i believe the country succeeds. >> president obama used your material to close a debate at a very crucial time, after his first debate was heavily criticized. this was his closing statement. what was going through your mind at this point? >> it was the last line of the debate. i was sitting on the edge of my couch. i watched the first debate, there was no mention of it. a cheer erupted in the room at the time. i was thrilled that he hit him with it when he did. you know, it was well done. >> at this point, had you ever had any contact with the obama campaign? >> no. >> this was all organic? >> yeah. i mean this wasn't -- you know, i voted for president obama, i'm proud to call him my president. i'm independent. i typically vote democrat, but i certainly never had contact of any sort. >> did that validate your instincts of how important this tape was when you saw the president use it? >> i
people who are working hard every day, paying payroll tax, gas taxes, but don't make enough income. i want to fight for them. that's what i have been doing for the last four years. if they succeed, i believe the country succeeds. >> president obama used your material to close a debate at a very crucial time, after his first debate was heavily criticized. this was his closing statement. what was going through your mind at this point? >> it was the last line of the debate. i was...
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Mar 14, 2013
03/13
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tax reform. he said he believed there was a lot of agreement republicans and democrats on corporate tax reform, on broadening the base and lowering the rates so the committee competitive and on remaining net -- all remaining revenue neutral. all that was encouraging. those principles have wide agreement. if we lower our rates, our country has the highest corporate tax rate of any developed country. over $1 trillion in capital from u.s. corporations car overseas. we need to be net capital back to get people back to work. i was encouraged by his willingness to work in a bipartisan way to get that done. on the second issue of regulatory reform, reducing the burden is the regulations on job creation and economic growth, he expressed a willingness to work together with republicans to focus on cost-benefit analysis and to target existing regulations that impose greater cost than the benefits. he suggested the creation of a task force in the senate to look at regulatory burdens and to come up with the p
tax reform. he said he believed there was a lot of agreement republicans and democrats on corporate tax reform, on broadening the base and lowering the rates so the committee competitive and on remaining net -- all remaining revenue neutral. all that was encouraging. those principles have wide agreement. if we lower our rates, our country has the highest corporate tax rate of any developed country. over $1 trillion in capital from u.s. corporations car overseas. we need to be net capital back...
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Mar 18, 2013
03/13
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FBC
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there would be a 3% tax for deposits under $100 thousand euros, and a 10% tax and 15% tax for amounts larger than 500,000 euros, country central bank declaring a holiday until thursday, when they vote on the plan, this is sparking investor fears at home, joining me now lance roberts, host of street talk live, and xena. partner and cfa, welcome all, great to have you here, lance, i'll start with you, i have to assume some wealthy individuals are having questions about safety of their money, have you gotten any calls, are you expecting any? >> i'm not expecting any but i would not be surprised to see people talk more about this in next few days it is very late tonight anyway it looks like they will preserve the under $100 thousand mark and go after larger deposits, but the question, here in u.s., could it happen here? probably not. but the question is, ha hasn't t already happen with standpoint feds suppressing interest rates, that is the rate less than inflation, negative interest rate it has already happened here. gerri: let's go to xena for a second, a lot of people out there think t
there would be a 3% tax for deposits under $100 thousand euros, and a 10% tax and 15% tax for amounts larger than 500,000 euros, country central bank declaring a holiday until thursday, when they vote on the plan, this is sparking investor fears at home, joining me now lance roberts, host of street talk live, and xena. partner and cfa, welcome all, great to have you here, lance, i'll start with you, i have to assume some wealthy individuals are having questions about safety of their money, have...
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Mar 13, 2013
03/13
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simple math shows that this budget will finance large tax cuts for the wealthiest by raising the tax burden on middle class taxpayers. the budget calls for dropping the top tax rate from 39% to 25% , cutting the rate for millionaires by more than 1/3 while holding all other revenues constant. just last fall the nonpartisan tax policy center did an analysis of a far more modest plan put forward by governor romney to reduce the top tax rate from 35% to 28%. and they showed it would inevitably raise the income tax burden on individuals making under $200,000 a year. this budget proposal which provides even bigger tax cuts to millionaires will raise the tax burden on middle income families by an average of $2,000. at the same time, same time it does not close one single special interest tax loophole for the purpose of reducing the deficit. not one dime from ending special breaks for corporate jets, big oil companies, or hedge fund managers to help us reduce the deficit. while providing this windfall to the very healthy, this proposal guts vital investments that are essential to shared pro
simple math shows that this budget will finance large tax cuts for the wealthiest by raising the tax burden on middle class taxpayers. the budget calls for dropping the top tax rate from 39% to 25% , cutting the rate for millionaires by more than 1/3 while holding all other revenues constant. just last fall the nonpartisan tax policy center did an analysis of a far more modest plan put forward by governor romney to reduce the top tax rate from 35% to 28%. and they showed it would inevitably...
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Mar 16, 2013
03/13
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low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. [ male announcer ] we all have something neatly tucked away in the back of our mind. a secret hope. that thing we've always wanted to do. it's not about having dreams, it's about reaching them. ♪ an ally for real possibilities. aarp. find tools and direction at aarp.org/possibilities. >>> welcome back to "the ed show." joining me now live in studio, scott prouty. scott, good to have you with us. been fun to get to know you. >> thank you. >> you're a unique man and a guy with a lot of guts. >> thank you. >> what's your future? >> i don't know. we will see how it goes. i think i will work with charlie a little more closely. i had the pleasure of meeting leo gira are rd, the president o
low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. [ male announcer ] we all have something neatly tucked away in the back of our mind. a secret hope. that thing we've always wanted to do. it's not about having...
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Mar 16, 2013
03/13
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FBC
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-- imposing taxes. in illinois requiring the strip club operators to impose a $3 charge for their customers. the tax is expected to raise a million dollars annually. texas has also got eight vice tax. it is a little different. a little bigger deal in texas. $5. they are getting just about ten times as much revenue as a state of illinois. nevada, the only state in the country to allow any form of prostitution to illegally. it does not collect the tax. but if it did it will reportedly earn nearly $150 million for the state in nevada. regardless of whether not you think the taxes are good or bad public policy, there is no denying that device is generating an enormous amount of what government seems to like most, revenue. the nra proposal to keep our kids safe in school is still the best solution. the "a-team" on where are the other leaders. the billionaire mayor wants to ban guns. styrofoam cups, smoking. but he won't ban pot holes and poverty. why not? damaging testimony today in the case of two ohio
-- imposing taxes. in illinois requiring the strip club operators to impose a $3 charge for their customers. the tax is expected to raise a million dollars annually. texas has also got eight vice tax. it is a little different. a little bigger deal in texas. $5. they are getting just about ten times as much revenue as a state of illinois. nevada, the only state in the country to allow any form of prostitution to illegally. it does not collect the tax. but if it did it will reportedly earn...
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Mar 15, 2013
03/13
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the president a tax hike. i want to mention this politico had done from this morning. guest: republicans have seized the moment. democrats seem to be planning cliff during the fiscal tops. bell americans say, democrats, you have your tax increases, let's focus on spending cuts. republicans seem to be manning them that message -- managing that message well right now. host: our guest is damian paletta this morning. theou are listening on radio, here are the phone lines. 3881.licans, 202-585- democrats, 202-585-3880. $975 billion in targeted cuts with regard to health care, military, other programs. it also raises $975 billion in new revenues from closing " -- closing tax loopholes. $100 billion in stimulus spending focusing on job training and infrastructure. house republican plan has $1.80 trillion in savings from the repeal of the health care law. it leaves $1 trillion in automatic cuts as a result of sequestration. it includes $962 billion in cuts from agriculture subsidies and food stamps, reduces money for
the president a tax hike. i want to mention this politico had done from this morning. guest: republicans have seized the moment. democrats seem to be planning cliff during the fiscal tops. bell americans say, democrats, you have your tax increases, let's focus on spending cuts. republicans seem to be manning them that message -- managing that message well right now. host: our guest is damian paletta this morning. theou are listening on radio, here are the phone lines. 3881.licans, 202-585-...
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Mar 21, 2013
03/13
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for school superintendents funded by your taxes. a fox investigation finds school superintendents are not just among the highest paid government workers in the country, but they increasingly get six figure pay and half million range, and it's ten times what teachers get. we found in a dozen states, school school superintendents paid more than what gvernors are paid to run the state including new york, new jersey, california, ohio, illinois, and washington state. we also found that four out of ten new york school superintendents get 200,000 annually, more than the pay for the governor quo moe and more than the average of 162,000. two school superintendents in new york made half a million bucks overseeing seven schools each. the governor joked about that. you know, i'd apply for that job, and now, gerri, there's little oversight of school superintendents' pay, and they are calling themselves ceos. in fact, shools now routinely use corporate pay models for school superintendents' pay getting free cars, free cell phones, money for colle
for school superintendents funded by your taxes. a fox investigation finds school superintendents are not just among the highest paid government workers in the country, but they increasingly get six figure pay and half million range, and it's ten times what teachers get. we found in a dozen states, school school superintendents paid more than what gvernors are paid to run the state including new york, new jersey, california, ohio, illinois, and washington state. we also found that four out of...
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Mar 14, 2013
03/13
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so, he's redefining tax reform not the traditional word of tax reform, meaning you lower rates and use that to close loopholes to lower rates. he wants to use it to say, well, we're going to close loopholes to pay for more spending. >> congressman tom price and why no budget. what was his explanation, why he has no budget. the senate has a budget and the house has a budget. >> again, he had a very difficult time answering that question. >> what did he say? >> i mean, it was like, look, you've listened to him. he's got no substantive answer when tom price-- >> what did he say, i'm too busy or they're working on it? >> look, it's going to come and avoiding eye contact, a couple of weeks. well, it's late already and he was challenged in the meeting, are you presenting this late on a rope-a-dope effort after we passed the budget that paul ryan is leading us on? it's all of those sorts of things and here this was a big attempt to try and bring people together. i thought, look, our members respect the presidency and we're respectful of him in that opportunity, but he didn't follow through on
so, he's redefining tax reform not the traditional word of tax reform, meaning you lower rates and use that to close loopholes to lower rates. he wants to use it to say, well, we're going to close loopholes to pay for more spending. >> congressman tom price and why no budget. what was his explanation, why he has no budget. the senate has a budget and the house has a budget. >> again, he had a very difficult time answering that question. >> what did he say? >> i mean, it...
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Mar 20, 2013
03/13
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under this government the tax rates are more competitive and the wealthy pay more tax. that's the right way around. here is an inconvenient truth for the other side. in every year of this parliament, the rich will pay a greater proportion of income tax revenue than any one of the thirty years of the last labour government. and during those years, too many people were allowed to get away with aggressive tax avoidance of abuse, they bogsed they were paying less tax and the member opposite applauded them for it. we stopped that. that's what i call fair. today i'm unveiling one of the largest ever package of avoidance measures presented in a budget, details set out including agreemented with isle to bring in over a billion pounds of unpaid taxes. new rules to stop abuse of corporate tax, and offshore employment. that's another 2 billion pounds. this year we're giving britain the first ever generally abuse rule and we will name and shame promoters of tax avoidance scheme. my message to make a living telling others to avoid the taxes, this government is not going let you get
under this government the tax rates are more competitive and the wealthy pay more tax. that's the right way around. here is an inconvenient truth for the other side. in every year of this parliament, the rich will pay a greater proportion of income tax revenue than any one of the thirty years of the last labour government. and during those years, too many people were allowed to get away with aggressive tax avoidance of abuse, they bogsed they were paying less tax and the member opposite...
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Mar 18, 2013
03/13
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time is running out to claim nearly a billion dollars in unclaimed tax refunds. the irs is sitting on the money left behind by close to a million americans who failed to file federal tax returns in 2009. april 15th is the deadline to file and claim the refund. still to come, from ponzi to prison: the inside scoup on how a florida lawyer fooled investors out of a billion dollars. but first, detroit isn't the only city facing a fiscal emergency. the other u.s. cities under pressure next with bill moller, after this "in the know" message. now we have the future and the fortunes of detroit, michigan, handed over to a bankruptcy lawyer. detroit may be in the worst shape financially, but plenty of other cities are in serious financial stress too. is detroit just the first domino to fall? let's talk with brian battle. he is the director of trading performance at trust capital partners. you are involved for 25+ years in looking at the bond market, municipal credits. let me ask you, is detroit unique here? > > unique is a word for it. what is wrong with detroit is two thi
time is running out to claim nearly a billion dollars in unclaimed tax refunds. the irs is sitting on the money left behind by close to a million americans who failed to file federal tax returns in 2009. april 15th is the deadline to file and claim the refund. still to come, from ponzi to prison: the inside scoup on how a florida lawyer fooled investors out of a billion dollars. but first, detroit isn't the only city facing a fiscal emergency. the other u.s. cities under pressure next with bill...
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Mar 19, 2013
03/13
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the only tax that increase was a temporary tax that was relief given to reduce the payroll tax to try to give a shot in the arm to the economy. that was always designed to be a temporary tax. as a practical matter, the president has, in fact, kept his pledge. it is ironic. polls show the american people thought that with the american recovery act that their taxes increase when, in fact, 94% of the people saw a reduction. what the president promised, he did, but a lot of people did not understand it and thought their taxes increased. people that look at the facts understand that they have received tax reductions. i personally think we have gone a little overboard. we will have to rebalance the scales, but the president kept his promises on taxation, notwithstanding what you're caller said. you're caller is wrong. beach on twitter says the private sector will always be a better fiscal that the anything run by the government -- fact, says this person. we are talking about the budget with earl blumenauer as the house begins work on the budget put out by paul ryan last week. "the hill" rep
the only tax that increase was a temporary tax that was relief given to reduce the payroll tax to try to give a shot in the arm to the economy. that was always designed to be a temporary tax. as a practical matter, the president has, in fact, kept his pledge. it is ironic. polls show the american people thought that with the american recovery act that their taxes increase when, in fact, 94% of the people saw a reduction. what the president promised, he did, but a lot of people did not...
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Mar 20, 2013
03/13
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CNBC
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you do not pay tax. they have to have lawyers now, accountants and -- >> 9600 jurisdictions that they have to keep track of. and each one had that is a different set of rules and regulations. i hear the argument, it's not a big deal that someone will figure it out with software, it's not about the software, it's about compliance and aud auditing and small businesses spending time on paperwork instead of getting back to work. >> i feel it's a tax grab. what bothers me is you may favor that tax grab. that is my concern. can you dissuede me from that concern? >> i do not like this tax grab. states fund themselves with sales tax. it's the primary way that states generate, revenues for themselves. so we cannot take away the only way they generate revenue. >> some states. >> some, right, but maybe a better way to do it is to collect the tax in the state where the psmall business exist. >> how about that? >> that is what exists now, it's across state lines that we are talking about. >> go ahead. go ahead. pleas
you do not pay tax. they have to have lawyers now, accountants and -- >> 9600 jurisdictions that they have to keep track of. and each one had that is a different set of rules and regulations. i hear the argument, it's not a big deal that someone will figure it out with software, it's not about the software, it's about compliance and aud auditing and small businesses spending time on paperwork instead of getting back to work. >> i feel it's a tax grab. what bothers me is you may...
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Mar 20, 2013
03/13
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CURRENT
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we could end the sequester today by adopting cuts but in the tax codes, the tax breaks, the tax credits that are loaded up in the tax code that go mostly to the wealthiest americans. you are talking about getting rid of the tax benefits or loophole? >> that's exactly right. >> give me an example of this. is there enough money there? >> absolutely enough money to over $1.2 trillion over 10 years. we could get it, for example, from the corporate deferral on-shore profit did companies that make their profit did overseas, did he ever their payments, sometimes never pay them, and >> bill: that just encourages people to move their money or jobs offshore? >> it's an incentive. >> why should we be rewarding them for exporting jobs basically? >> what these corporate interests and wealthy americans do is hide spending in give them a check? we would is a no way. in the tax code, nobody is really examining that. >> bill: exact. >> special tax -- well, mortgage interest deductions for second homes. not just a first home. i will tell you, a big one is the fossil fuel subsidy. i am talking about oil a
we could end the sequester today by adopting cuts but in the tax codes, the tax breaks, the tax credits that are loaded up in the tax code that go mostly to the wealthiest americans. you are talking about getting rid of the tax benefits or loophole? >> that's exactly right. >> give me an example of this. is there enough money there? >> absolutely enough money to over $1.2 trillion over 10 years. we could get it, for example, from the corporate deferral on-shore profit did...
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Mar 21, 2013
03/13
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we will close many corporate tax loopholes, like the tax deferral. you can move jobs overseas and never pay any taxes. , bribed us took bring the jobs home. we say no. if you are an american corporation and you earn money overseas or you earn money here but use tricks, it does not matter. we will tax it all. if you're paying taxes to a foreign government, you get a credit for that so no double taxation. but you should not get a in a fit of no taxes because you are shipping jobs abroad. we eliminate some of the depletion balances. there's no reason we should be giving tax subsidies to these companies. we eliminate benefits for , reduce corporate meals and entertainment. is one thing. the second thing we do is we say, all right, people making over $400,000 now will be haying a tax of three point 96% on their highest income. % on their highest income. institute new tax brackets for millionaires and billionaires. $1 on every one dollar above million. 40 six percent on every one dollar above 20 million dollars. we finally go to a total of 49% for every on
we will close many corporate tax loopholes, like the tax deferral. you can move jobs overseas and never pay any taxes. , bribed us took bring the jobs home. we say no. if you are an american corporation and you earn money overseas or you earn money here but use tricks, it does not matter. we will tax it all. if you're paying taxes to a foreign government, you get a credit for that so no double taxation. but you should not get a in a fit of no taxes because you are shipping jobs abroad. we...
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Mar 18, 2013
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we propose reforming the tax code. we propose ending special tax breaks and closing tax loopholes like the mortgage deduction for vacation homes and yachts, eliminating the deduction for derivative traders and eliminating incentives for sending american jobs overseas. we propose taxing capital gains and dividends as ordinary income, raising about $900 billion over 10 years. these changes, mr. speaker, would generate much-needed revenue. the country has begun to recover. we see it every day in the news and we're moving in the right direction. we are beginning to recover from near financial ruin. but our recovery is fragile and desperately needs a shot in the arm to accelerate our economic recovery. instead the republican-controlled house voted -- thought it best to poison the economy and throw away the antidote. according to leading economists, once sequestration is full yimplemented, america is going -- -- fully implemented, americans are going to lose $2.-- 2.14 million jobs. those are two million jobs that exist now
we propose reforming the tax code. we propose ending special tax breaks and closing tax loopholes like the mortgage deduction for vacation homes and yachts, eliminating the deduction for derivative traders and eliminating incentives for sending american jobs overseas. we propose taxing capital gains and dividends as ordinary income, raising about $900 billion over 10 years. these changes, mr. speaker, would generate much-needed revenue. the country has begun to recover. we see it every day in...
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Mar 15, 2013
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there's no tax increase in the world that will solve our long-term debt problem. just because i believe that states should have the right to define marriage in a traditional way does not make me a bigot. the people who are close-minded in american politics are the people that love to preach about the certainty of science with regards to our climate. but ignore the absolute fact that science has proven that life begins at conception. >> rubio also refuted the notion that america needs to change its ways. >> as soon as i'm done speaking, i'll tell you what the criticism of the left is going to be. one, he drank too much water. two, that he didn't offer new ideas. there's the fallacy of it. we don't need a new idea. there's an idea. the idea is called america. and it still works. >> after rubio was senator rand paul's chance to take the stage. paul wasted little time, addressing his nearly 13-hour long filibuster of cia director, john brennan. >> the filibuster was about drones. but also about much more. do we have a bill of rights? do we have a constitution? and wil
there's no tax increase in the world that will solve our long-term debt problem. just because i believe that states should have the right to define marriage in a traditional way does not make me a bigot. the people who are close-minded in american politics are the people that love to preach about the certainty of science with regards to our climate. but ignore the absolute fact that science has proven that life begins at conception. >> rubio also refuted the notion that america needs to...
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Mar 13, 2013
03/13
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they are interested in cutting taxes for rich people. they are not interested in balancing the budget. reagan taught them deficits don't matter. >> michael: and that's it and they just keep doing the same thing, and now it appears the polling is letting us know that the president's offensive is going down what does this say about the president? and this idea that the white house had? >> i think the -- the reason the president's numbers are dropping is because nothing is getting done. the reason the president's numbers are dropping is we elected him to do certain things, and the other side wants nothing to happen. so what you are turning this into is not a stymied people but a president who -- stymied president, but a president who has broken his promise. >> michael: right after the meeting nbc news is saying that paul ryan said the president did himself a lot of good. but he is the guy who beat paul ryan. go ahead. >> i just -- i have to say -- and i have to use -- you know, what my -- my grandmother used to say, is who is paul ryan when
they are interested in cutting taxes for rich people. they are not interested in balancing the budget. reagan taught them deficits don't matter. >> michael: and that's it and they just keep doing the same thing, and now it appears the polling is letting us know that the president's offensive is going down what does this say about the president? and this idea that the white house had? >> i think the -- the reason the president's numbers are dropping is because nothing is getting...
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Mar 20, 2013
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it said as part of tax reform don't raise taxes on middle income people to finance your tax breaks for folks at the very top. every republican voted no. so, yes, this plan that the gentleman has brought forward today, apparently under sort of a mock bipartisanship, will reduce the deficit in a balanced way. calls for a shared responsibility. and certainly does not give folks at the very top a tax break financed by middle income taxpayers like the republican proposal does. i reserve the balance of my time. the chair: the gentleman reserves the balance of his time. the gentleman from south carolina. mr. mulvaney: i'd like to yield two minutes to the gentleman from california, mr. campbell. the chair: the gentleman from california is recognized for two minutes. mr. campbell: thank you. i thank the gentleman from south carolina. thank you, mr. chairman. sometimes, mr. chairman, you live in a neighborhood, you look down the street, and there is a neighbor there. and they got new cars and they are remodeling the kitchen and they take a lot of expensive vacations. you look down the street and
it said as part of tax reform don't raise taxes on middle income people to finance your tax breaks for folks at the very top. every republican voted no. so, yes, this plan that the gentleman has brought forward today, apparently under sort of a mock bipartisanship, will reduce the deficit in a balanced way. calls for a shared responsibility. and certainly does not give folks at the very top a tax break financed by middle income taxpayers like the republican proposal does. i reserve the balance...
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Mar 13, 2013
03/13
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. >>> 600,000 people will have to wait an extra six weeks for their tax refund. the irs says some tax refunds that claimed educational credits were filed improperly. the agency isn't saying who is to blame, but h&r block does acknowledge that it encountered errors when filing some returns. h&r block says the problem is now fixed that it's working with the irs to get the refunds out as fast as possible. >>> the long national nightmare is over. twinkies are coming back. >> thank goodness! >> i know, right? they could hit the store shelves by this summer. now we can solve the sequester, everything will get better. this is after a group of private equity firms agreed to buy bankrupt hostess for $410 million. hostess has not been making any new twinkies since november, when the company filed the liquidated business after a bakers union strike. >> now i can stop thwarting my twinkies. i didn't grow up on sweets, but i love twinkies. >>> 25 minutes after the hour. ahead on "early start," we're keeping an eye on vatican city for any possible word of a new pope. >>> plus,
. >>> 600,000 people will have to wait an extra six weeks for their tax refund. the irs says some tax refunds that claimed educational credits were filed improperly. the agency isn't saying who is to blame, but h&r block does acknowledge that it encountered errors when filing some returns. h&r block says the problem is now fixed that it's working with the irs to get the refunds out as fast as possible. >>> the long national nightmare is over. twinkies are coming back....
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Mar 20, 2013
03/13
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the chairman convened a tax force on why they lost so badly. if you want to bowl down what they found, it's this. they need to stop alienating and insulting everybody not in the party already. then you can have an outreach program in place to persuade people not in the party to join the party. the party will fund a program to minorities to the tune of $10 million and the republicans are stressing that whole effort can't be for show. quote, if we want voters to support minoritieminorities, we seem like we mean it. kind of see the line of thought there, right? for the republicans? they don't want to change their policies on anything, but they want to seem nicer. they want to seem more welcoming. just as the party is acknowledging missteps in talking about women, things like the whole legitimate rape, the party has to be a little shy about how it has behaved in public about latinos. and republican newt gingrich responded by calling her a racist. rush limbaugh said it was like nominating a clams man for the court. said that the judge just isn't ver
the chairman convened a tax force on why they lost so badly. if you want to bowl down what they found, it's this. they need to stop alienating and insulting everybody not in the party already. then you can have an outreach program in place to persuade people not in the party to join the party. the party will fund a program to minorities to the tune of $10 million and the republicans are stressing that whole effort can't be for show. quote, if we want voters to support minoritieminorities, we...
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Mar 20, 2013
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instead of raising taxes the house republican plan includes pro-growth, comprehensive tax reform, tax reform is critical to increasing u.s. competitiveness abroad as well as attracting business here at home. it will close loopholes and special interest deductions and credits for personal and corporate income taxes and lower the rates for everyone. i am pleased house republicans are the only people in this town with the courage to balance the budget. it's time to return the economy to an engine of growth and job creation and increased opportunities for all hardworking americans. this is what the house republican budget will achieve and this is what americans deserve. i yield back. the chair: the gentlelady yields back the balance of her time. the gentleman from maryland. mr. van hollen: thank you, mr. chairman. the way to save medicare is to bring down costs overall in the health care system, not give seniors a voucher that puts all the risk on the senior which is what the republican approach does. i now yield one minute to the gentleman from california, the distinguished ranking membe
instead of raising taxes the house republican plan includes pro-growth, comprehensive tax reform, tax reform is critical to increasing u.s. competitiveness abroad as well as attracting business here at home. it will close loopholes and special interest deductions and credits for personal and corporate income taxes and lower the rates for everyone. i am pleased house republicans are the only people in this town with the courage to balance the budget. it's time to return the economy to an engine...
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Mar 15, 2013
03/13
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low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. >> sean: welcome back to hannity. time for media mash. our roundup the ways the main stream media suck up to obama. and going through all of this week's material, none other than brent, exposing the lap dog media. how are you, sir? >> good, season. >> sean: the president goes on his big charm offensive. fascinating thing, if the media took any time to go back, a week before basically the president was saying, republicans are going to kill everybody, kill children and grandma, the apocalyptic tour, and the media is right with it and champion the charm offensive. >> the charm offensive break the stalemate? >> president obama is powering on the charm. at least what passes for charm on cap
low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. >> sean: welcome back to hannity. time for media mash. our roundup the ways the main stream media suck up to obama. and going through all of this week's...
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Mar 19, 2013
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haven't raised that tax in 20 years. so if we just indexed it to construction cost inflation, and indexed it to the economy, we could issue bonds, pay it off by that increment on the gas tax. it would be about a penny a year a gallon. i was driving to work one day they were changing the cards up there. they were raising it a nickel a gallon as i drove by. a penny a gallon. i think most americans would be willing to pay for that if they knew it was going to save 3.5 -- or create 3.5 million jobs and put this country back on track and get rid of some of the delays and congestion and detours and all the other problems we have. so let's pay attention to this scorecard. to this report card. if your kid came home with a card like this you'd do something about it. congress better do something about it. the speaker pro tempore: the chair recognizes the gentleman from texas, mr. poe, for five minutes. it was mr. speaker, june, 1950, when the north koreans decided they would invade their neighbors to the south, south korea. the wa
haven't raised that tax in 20 years. so if we just indexed it to construction cost inflation, and indexed it to the economy, we could issue bonds, pay it off by that increment on the gas tax. it would be about a penny a year a gallon. i was driving to work one day they were changing the cards up there. they were raising it a nickel a gallon as i drove by. a penny a gallon. i think most americans would be willing to pay for that if they knew it was going to save 3.5 -- or create 3.5 million jobs...
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Mar 15, 2013
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. >> property taxes. >> megyn: that is warning people of a potential property tax hike in the coming election. i don't understand exactly what's happening. the teachers don't like that, but why are the teachers objecting to notifications of property taxes going up. >> they don't want the voters to notice if they've signed up, they voted for a property tax hike and the property taxes are the basis. >> megyn: and they're going to go and vote on various measures that affect them and the one on i raising property taxes is now highlighted on red ink on the outside of the voter envelope. >> and saying we've got more taxes coming at you. >> megyn: and the teachers union says let that go? >> no, let the voters blythely go on and meander through the ballot and the last thing they want is for taxpayers to know that he or she is going to be paying higher taxes in an educational system that isn't too shiny, if i can use the expression. it's pitiful what's happening. >> megyn: because those property taxes will go help fund the teachers salaries and they don't want anybody-- they don't want it to
. >> property taxes. >> megyn: that is warning people of a potential property tax hike in the coming election. i don't understand exactly what's happening. the teachers don't like that, but why are the teachers objecting to notifications of property taxes going up. >> they don't want the voters to notice if they've signed up, they voted for a property tax hike and the property taxes are the basis. >> megyn: and they're going to go and vote on various measures that affect...
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Mar 13, 2013
03/13
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we cannot tax our way out of this debt. there is no tax increase that gets us out of this debt. and to my own party, i say while we always have to have fiscal discipline, you can't cut your way out of this debt either. the only real solution to our debt problem -- and the debt matters because it's killing jobs in america -- the only real solution to our debt problems is a combination of two things. rapid, robust economic growth. if we could grow our economy at 4% a year, we could generate $3 trillion for debt reduction over the next decade. and we could create millions of jobs and pull people out of poverty and strengthen our middle class, which is the source of our exceptionalism as a country. and the second thing we need is fiscal discipline on future spending. this bill violates both. this bill violates both. it hurts economic growth because the only way you're going to grow your economy is if you make america a better place to create jobs and start businesses. that's how economic growth is created. when someone takes money they have or money they've borrowed or money somebod
we cannot tax our way out of this debt. there is no tax increase that gets us out of this debt. and to my own party, i say while we always have to have fiscal discipline, you can't cut your way out of this debt either. the only real solution to our debt problem -- and the debt matters because it's killing jobs in america -- the only real solution to our debt problems is a combination of two things. rapid, robust economic growth. if we could grow our economy at 4% a year, we could generate $3...
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Mar 15, 2013
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low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. i'm your hot water heater. you hardly know i exist. that's too bad. 'cuz if my pressure relief valve gets stuck... [ booooooom! ] ...we hot water heaters can transform into rocket propelled wrecking balls. and if you got the wrong home insurance coverage, it's your bank account that might explode. so get allstate. [ dennis ] good hands. good home. make sure you have the right home protection. talk to an allstate agent. make sure you have the right home protection. (music throughout) why turbo? trust us. it's just better to be in front. the sonata turbo. from hyundai. >> sean: welcome back to hannity. time for media mash. our roundup the ways the main stream media suck up to obama. and
low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. i'm your hot water heater. you hardly know i exist. that's too bad. 'cuz if my pressure relief valve gets stuck... [ booooooom! ] ...we hot water heaters can...
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Mar 21, 2013
03/13
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low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. with tasty grilled flavor and goodness to savor ♪ ♪ friskies grillers blend. ♪ feed the senses. all your important legal matters in just minutes. protect your family... and launch your dreams. at legalzoom.com we put the law on your side. and launch your dreams. today is gonna be an important day for us. you ready? we wanna be our brother's keeper. what's number two we wanna do? bring it up to 90 decatherms. how bout ya, joe? let's go ahead and bring it online. attention on site, attention on site. now starting unit nine. some of the world's cleanest gas turbines are now powering some of america's biggest cities. siemens. answers. ♪ pop goes the world [ female announcer ] pop i
low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. with tasty grilled flavor and goodness to savor ♪ ♪ friskies grillers blend. ♪ feed the senses. all your important legal matters in just minutes. protect your...
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Mar 21, 2013
03/13
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of course we have to pay taxes. this is not about paying taxes or not paying taxes. this is about the fact that there's only so much money in the world. and every penny that the government takes in taxes is money that's not available to invest in a private business. every time you take a tax, what you're doing, you're taking money out of the economy. you have to do that up to some point because we need a government. but if you do too much of it, then there's not enough money for people to spend at your business. if someone's paying more in taxes, that means they have less money to spend where you work, which means you're going to make less money in tips or in salary or may even cost you your job if taxes are too high. and i'm telling you, we focus on federal taxes here, but these -- these aren't the only taxes people pay. depending on where you live, you are paying local and state and now federal taxes. you add those up and there are people in this country that are paying close to half the money they make in taxes. half the money they make in taxes. how's that good f
of course we have to pay taxes. this is not about paying taxes or not paying taxes. this is about the fact that there's only so much money in the world. and every penny that the government takes in taxes is money that's not available to invest in a private business. every time you take a tax, what you're doing, you're taking money out of the economy. you have to do that up to some point because we need a government. but if you do too much of it, then there's not enough money for people to spend...
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Mar 14, 2013
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seasked them to please shut theu tax takes because we understand the negative effect our taxes would have on our fragile o economy and the millions of americans still looking for alr work. it's also because we know washington democrats gotd rememe $600 billion in taxes they demanded earlier this year.han and $1 trillion they got in taxes from obamacare timegot in taxes from obamacare we tried that. in fact, at a time when americans believe about half of every dollar they send to washington is wasted, the democratic budget would increase democratic budget would increase they nearly 62%. it. and it will let medicare and social security drift ever closer to bankruptcy. and then there's the democrats' $1.5 trillion tax hike. that's trillion with a "t." let me just repeat that. any senator who votes for that budget is voting for a $1.5 trillion tax hike, the largest tax hike in american history. so the senate democrat budget is more than just disappointing. it's extreme. extreme. it's really one of the most extreme, most left-wing budgets of the modern era. it says something, i think, abo
seasked them to please shut theu tax takes because we understand the negative effect our taxes would have on our fragile o economy and the millions of americans still looking for alr work. it's also because we know washington democrats gotd rememe $600 billion in taxes they demanded earlier this year.han and $1 trillion they got in taxes from obamacare timegot in taxes from obamacare we tried that. in fact, at a time when americans believe about half of every dollar they send to washington is...
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Mar 14, 2013
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we know about tax policy. we need to have a pro-growth tax structure, not one that takes from some and gives to others. and last but not least, we believe in solving our debt problem, because it's hurting job creation. jobs are not being created in america. there are jobs that are not being created in this country because we have a $16.5 trillion debt and it's only scheduled to get bigger. that problem has to be solved and you can only solve it, the only real approach that solves it is the combination of fiscal discipline and rapid economic combrothe. there is no tax increase in the world that will solve our long-term debt problem. the second thing that our government can help us do is help ourselves by acquiring the skills of the 21st century and that's why i think every parent in america should have the opportunity to send their children to the school of their choice. by the way, we should encourage career education. not everyone has to go to a four-year liberal arts college. we still need plumbers. we still
we know about tax policy. we need to have a pro-growth tax structure, not one that takes from some and gives to others. and last but not least, we believe in solving our debt problem, because it's hurting job creation. jobs are not being created in america. there are jobs that are not being created in this country because we have a $16.5 trillion debt and it's only scheduled to get bigger. that problem has to be solved and you can only solve it, the only real approach that solves it is the...
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Mar 13, 2013
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. >>> h & r block says tax refunds will be delayed to a family room change the company learned about after filing hundreds of thousands of returns. >>> do you remember this video of a 62-year-old plan shooing a shark away from australia beachgoers back in january? it turns out he and his wife were on sick leave for distress. their bosses saw this viable video and now they've both been fired. >>> well, while the cardinals vote for a new pope, is it time for the catholic church to take another look at women in more prominent roles? plus a good old counterfeit cash story. you're watching "first look." oo? sure does! wow. it's the honey, it makes it taste so... well, would you look at the time... what's the rush? be happy. be healthy. and you wouldn't have whatit any other way.e. but your erectile dysfunction - you know, that could be a question of blood flow. cialis tadalafil for daily use helps you be ready anytime the moment's right. you can be more confident in your ability to be ready. and the same cialis is the only daily ed tablet approved to treat ed and symptoms of bph, like nee
. >>> h & r block says tax refunds will be delayed to a family room change the company learned about after filing hundreds of thousands of returns. >>> do you remember this video of a 62-year-old plan shooing a shark away from australia beachgoers back in january? it turns out he and his wife were on sick leave for distress. their bosses saw this viable video and now they've both been fired. >>> well, while the cardinals vote for a new pope, is it time for the...
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Mar 19, 2013
03/13
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. >> do you think that there is any chance we'll see this president even say the words "carbon tax"? >> with an open mind... >> has the time finally come for real immigration reform? >> ...and a distinctly satirical point of view. >> but you mentioned "great leadership" so i want to talk about donald rumsfeld. >> (laughter). >> watch the show. >> only on current tv. dude, i need your help fast. well, clearasil's fast. yeah, but is it this fast? faster! how about this fast? clearasil's faster! this fast?? faster!! woh! that is fast! fix breakouts fast with clearasil ultra. it starts working instantly, sending the max amount of medicine allowed deep into your pores for visibly clearer skin in as little as 12 hours. yeah, it's fast. clearasil, the science of clear skin. to hidden fees. thankfully e-trade has low cost investments and no hidden fees. but, you know, if you're still bent on blowing this fat stack of cash there's a couple of ways you could do it. ♪ ♪ ♪ ♪ or just go to e-trade and save it. boom. ♪ ♪ the natural energy of peanuts and delicious, soft caramel. to fil
. >> do you think that there is any chance we'll see this president even say the words "carbon tax"? >> with an open mind... >> has the time finally come for real immigration reform? >> ...and a distinctly satirical point of view. >> but you mentioned "great leadership" so i want to talk about donald rumsfeld. >> (laughter). >> watch the show. >> only on current tv. dude, i need your help fast. well, clearasil's fast. yeah, but...
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Mar 13, 2013
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of reforming the tax -- for the purpose of reforming the tax code, bringing down marginal tax rates for businesses and individuals, he wants to raise taxes again. there is a bipartisan consensus, however, that tax reform should lower the rates and broaden the base. indeed, those were the recommendations of the simpson-bowles commission and the dim-rivlin panel as well. but as i said, the president wants to use what he calls tax reform as a trojan horse to raise taxes again. he argues that we won't have a balanced approach to deficit reduction unless we pass another massive tax hike, and that's after the president raised taxes by $600 billion in january muc. from what i understand, our friends across the aisle, senator murray as the chairman of the senate budget committee, are about to unjail a budget proposal -- unveil a budget proposal that would raise taxes again by at least $1 trillion. now, i realize if you think that government is the answer to almost every question that comes up with america today, that you're going to need bigger government, more intrusive government funded b
of reforming the tax -- for the purpose of reforming the tax code, bringing down marginal tax rates for businesses and individuals, he wants to raise taxes again. there is a bipartisan consensus, however, that tax reform should lower the rates and broaden the base. indeed, those were the recommendations of the simpson-bowles commission and the dim-rivlin panel as well. but as i said, the president wants to use what he calls tax reform as a trojan horse to raise taxes again. he argues that we...
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Mar 20, 2013
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is it going to be vaccines for children or is it going to be tax breaks for wealthy insurance companies? and i think that americans are not, you know, they're for balancing the budget, perhaps, but they're not for cutting programs that are really going to help the middle class and those who aspire to it. >> it will be interesting to see. balancing the budget is so popular with all the focus groups. but you're attempting to show what it really would mean literally. congressman jan schakowsky, thank you for joining us. >> thank you. >> up next, chuck joins us again from jerusalem for a deep dive into the millions of dollars the u.s. is spending on israel's state of the art air defense system. >> reporter: i'm not sure how many rockets are being fired now. but the iron dome one, two, three, 4 iron dome rockets are exploding. >>> nbc's resident iron dome expert and probably the best script writer at the network, martin fletcher will join chuck. [ female announcer ] birdhouse plans. nacho pans. glass on floors. daily chores. for the little mishaps you feel use neosporin to help you heal. it
is it going to be vaccines for children or is it going to be tax breaks for wealthy insurance companies? and i think that americans are not, you know, they're for balancing the budget, perhaps, but they're not for cutting programs that are really going to help the middle class and those who aspire to it. >> it will be interesting to see. balancing the budget is so popular with all the focus groups. but you're attempting to show what it really would mean literally. congressman jan...